Regulation 4 Maximum limits on expenditure

the water authority may set, and revise from time to time, limits to the costs and expenses to be incurred by a relevant authority in carrying out any sewerage functions of the water authority, and may in particular specify limits in relation to costs and expenses chargeable to capital account or revenue account, or to the carrying out of any particular function or any particular project; and

the relevant authority shall ensure that any such limit is not exceeded without the consent of the water authority.